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EXPORTS RISE FOR NORWEGIAN FRESH COD

EXPORTS RISE FOR NORWEGIAN

Exports rise for Norwegian fresh cod. Norway exported 2,000 tonnes of fresh cod, including fillets, for NOK 107 million in October. This is a 23 per cent increase in volume and a value increase of 44 per cent or NOK 33 million when measured against October 2018.

So far this year, Norway has exported 46,000 tonnes of fresh cod, including fillets, for NOK 2 billion. This is a 21 per cent reduction in volume and a 5 per cent reduction in value, or NOK 115 million compared to the same period last year.

Sweden was the largest export market for fresh cod in October

“Increased export volumes in October are linked to increased catches of fresh cod this year compared to the same period last year. At the same time, export prices have risen, which they are prone to do in the summer and autumn when there is less fresh cod in the market. A weak Norwegian kroner here also partly explains the price growth. At the same time, there has been a rise in prices measured in euros compared to October last year, which indicates good demand in the markets”, says Seafood Analyst Ingrid K. Pettersen with the c.

Norway exported 4,400 tonnes of frozen cod, including fillet, for NOK 192 million in October. The volume fell by 21 per cent, while the value fell by 16 per cent or NOK 37 million compared to October last year.

So far this year, Norway has exported 58,000 tonnes of frozen cod, including fillets, for NOK 2.4 billion. Export volume remains at the same level as last year, while value has grown by 15 per cent or NOK 314 million, compared to the same period in 2018.

The UK and China were the largest markets for frozen cod in October

Norway exported 12,100 tonnes of whole clipfish (salted and dried cod) for NOK 698 million in October. This is an increase in volume of 18 per cent, and a value increase of NOK 202 million or 41 per cent compared to October last year.

So far this year, Norway has exported 77,000 tonnes of clipfish for NOK 3.9 billion. This is a 2 per cent increase by volume and a 13 per cent, or NOK 439 million increase in export value against the same period last year. Portugal and Brazil were the largest clipfish markets in October.

“After a slightly weaker start to the year, measured in volume, exports of codfish have increased in recent months and are now on a par with last year. Especially in October, exports have been significantly higher than at the same time last year. The increase has been almost 24 per cent, up to 5,200 tonnes. The price has also had a steady increase throughout the year. Much can be explained by a weak krone against both the euro and the US dollar, but also by demand in markets such as Portugal”, says Ingrid K. Pettersen, Seafood Analyst with the Norwegian Seafood Council.

“Most of the cod clipfish goes to Portugal, and so far this year Portugal has taken an even larger share than usual for this period. There has been a significant reduction in the export of salted fish from Norway, which is included in local clipfish production. This means that importers have to buy more finished goods for Christmas sales”, says Johnny Thomassen, the Norwegian Seafood Council‘s Fisheries Envoy to Portugal.

Norway exported 1,800 tonnes of salted fish for NOK 92 million in October. This is a 13 per cent volume reduction and a 7 per cent, or NOK 7 million reduction from October 2018. Portugal and Italy were the largest export markets for salt fish in October.

So far this year, Norway has exported 21,000 tonnes of salted fish for NOK 1.2 billion. This is a 21 per cent reduction in volume, and a 12 per cent reduction in value, or NOK 160 million from the same period last year.

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